Investment comes from Insight Partners as well as F-Prime Capital and Thayer Ventures
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Canary Technologies bags $50M Series C funding
Hotel guest management technology provider Canary Technologies has announced that it has closed a $50 million Series C funding round.
The round was led by global software investor Insight Partners, who also led the company's Series B round.
It had participation from existing investors F-Prime Capital, Thayer Ventures, Y-Combinator, and Commerce Ventures.
This brings Canary's total fundraising to date to nearly $100M, making it one of the top funded hotel technology companies globally.
The firm, trusted by more than 20,000 hoteliers across the globe, has clients such as Wyndham, Marriott, Hilton, Four Seasons, and others.
“AI is transforming the way we live, work, and travel. Canary is at the forefront of delivering enterprise-grade hospitality AI solutions that empower hoteliers to streamline operations, boost efficiency and elevate the guest experience,” said Harman Singh Narula, CEO and co-founder of Canary.
“This funding milestone is a reflection of the team’s hard work and the immense impact that Canary is making for hoteliers, including many of the world’s largest enterprise hotel brands.
"We continue to see significant demand in the market for our products and are excited to extend our partnership with existing investors.”
“In a year that proved tough on growth and execution in the tech ecosystem, we saw Canary thrive and exceed their ambitious targets, prompting us to double down,” said Thomas Krane, managing director of Insight Partners.
“We continue to be impressed with Harman, SJ, and the team’s tenacity and ability to deliver hoteliers the best-in-class solutions they need most, and are honored to be a part of the company’s journey.”
SJ Sawhney, president and co-founder of Canary Technologies, said: "Canary remains focused on our mission of helping hoteliers modernise their tech stack to deliver the best guest experiences possible.
“We are thrilled to utilise the funding to continue building a world-class team focused on innovation while expediting our ambitious roadmap.
“With Canary AI already deployed in some of the world’s largest enterprise hotel brands, we look forward to further enhancing our AI capabilities and broadening its use across the industry.”
